Citigroup rejects EMI debt proposal

The Wall Street Journal today claims that the bank has told Terra's chairman Guy Hands it intends to reject his firm's attempts to re-finance the EMI debt.

As previously reported, Hands has requested that the bank writes off a significant amount of the debt at EMI, in return for Terra investing an extra £1bn into the company.

A Terra Firma spokesman says, "Per today's news articles, we can confirm that we have made an offer involving the injection of £1 ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.


If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...